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Saudi Arabia's Economic Outlook
Saudi Arabia is the largest economy in the Middle East and North Africa (MENA) region and has the world’s second-largest proven petroleum reserves. The Saudi economy has historically been dependent on oil revenues, but since 2015 it has been undergoing significant structural reforms to diversify its economy and reduce its dependency on oil. The Saudi government has ambitious plans to transform the economy and has made considerable progress in recent years through its Saudi Vision 2030 reform program.